July 13, 2012

Abandoned mineshafts could give modern Glaswegians heat

Glasgow residents could have a convenient and plentiful source of geothermal energy right beneath their feet, in the abandoned mineshafts and mining structures buried under the city’s streets.

July 13, 2012

Salazar’s resource proposal could end disputes surrounding biggest US potash reserves

Interior Secretary Ken Salazar has announced a proposal for the simultaneous development of oil, gas and potash in the southeast of New Mexico which could bring an end to long-standing…

July 12, 2012

Chinese thermal coal prices see longest losing streak in four years

Market pressure from high inventories and a flood of cheap overseas supply, as well as the lackluster performance of the Chinese economy were to blame for sending the average price…

July 12, 2012

Investors dump lone US oil sands developer

US Oil Sands (TSX-V:USO) gave up 20% on Thursday on nine times its usual trading volumes despite the lack of fresh news from the company.

July 12, 2012

Rio Tinto CFO steps down, major shakeup follows

Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.

July 12, 2012

Liberals pursue compromise approach on oil sands

The federal Liberals have shunned both of the antagonistic stances of the Harper government and the leading opposition party on Alberta’s oil sands, by announcing a “new approach” which will…

July 12, 2012

Alberta energy regulator approves Shell carbon capture project north of Edmonton

Shell Canada’s application for the Quest project, a proposed $1.3 billion carbon capture and storage operation situated northeast of Edmonton, has obtained approval from Alberta’s Energy Resources Conservation Board (ERCB).

July 12, 2012

Mongolia kingmaker: ‘Fix’ Oyu Tolgoi ‘shadow masters’ and ‘scare to death’ Tavan Tolgoi oligarchs

The Facebook page of the junior partner in the likely ruling coalition post the Mongolian elections makes for scary reading.

July 11, 2012

Markets clip Goldcorp 9.74% after lowering guidance; markets and commodities mixed

Yesterday’s announcement that Goldcorp (NYSE:GG) will be producing 8% less gold this year hit the company’s stock, and shares fell 9.74% to […]

July 11, 2012

Madrid, Spain mining riots for coal subsidies

While the United States Congress debates HR4402, a bill which would make it easier and cheaper to mine in the United States, Spanish coal miners are protesting cuts by the…